American Century Companies Inc. Grows Stock Holdings in Freshpet, Inc. $FRPT

Key Points

• American Century Companies Inc. increased its stake in Freshpet, Inc. by 171.9% in the first quarter, owning approximately 0.85% of the company worth $34.5 million.
• Freshpet reported an earnings per share (EPS) of $0.33, surpassing analysts' expectations, with revenue of $264.69 million for the quarter.
• Analyst consensus for Freshpet's stock shows a Moderate Buy rating, with an average target price of $109.29.

American Century Companies Inc. increased its stake in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 171.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 414,997 shares of the company's stock after acquiring an additional 262,387 shares during the quarter. American Century Companies Inc. owned about 0.85% of Freshpet worth $34,515,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Elequin Capital LP acquired a new stake in Freshpet during the 4th quarter worth $29,000. Morse Asset Management Inc purchased a new position in Freshpet during the 4th quarter worth $70,000. Larson Financial Group LLC grew its position in Freshpet by 1,585.0% during the 1st quarter. Larson Financial Group LLC now owns 674 shares of the company's stock worth $56,000 after purchasing an additional 634 shares during the last quarter. GeoWealth Management LLC purchased a new position in Freshpet during the 4th quarter worth $122,000. Finally, Teza Capital Management LLC purchased a new position in Freshpet during the 4th quarter worth $211,000.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Zacks Research raised shares of Freshpet from a "strong sell" rating to a "hold" rating in a research report on Friday, August 22nd. TD Cowen downgraded shares of Freshpet from a "buy" rating to a "hold" rating and set a $96.00 price objective on the stock. in a research report on Wednesday, May 28th. Wall Street Zen raised shares of Freshpet from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Stifel Nicolaus set a $90.00 price objective on shares of Freshpet and gave the stock a "buy" rating in a research report on Thursday, June 12th. Finally, Truist Financial lowered their price objective on shares of Freshpet from $80.00 to $70.00 and set a "hold" rating on the stock in a research report on Tuesday, August 5th. Eight research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Freshpet currently has a consensus rating of "Hold" and an average price target of $109.29.

Freshpet Stock Performance

Shares of NASDAQ:FRPT traded down $0.62 during midday trading on Wednesday, hitting $57.46. The stock had a trading volume of 899,929 shares, compared to its average volume of 1,468,805. The company has a market capitalization of $2.80 billion, a PE ratio of 85.76, a P/E/G ratio of 1.02 and a beta of 1.77. The stock has a 50 day moving average price of $67.51 and a two-hundred day moving average price of $80.60. The company has a current ratio of 4.81, a quick ratio of 3.75 and a debt-to-equity ratio of 0.40. Freshpet, Inc. has a 1 year low of $55.77 and a 1 year high of $164.07.

Freshpet (NASDAQ:FRPT - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.21. The business had revenue of $264.69 million for the quarter, compared to the consensus estimate of $269.75 million. Freshpet had a net margin of 3.23% and a return on equity of 4.82%. The business's quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.03) earnings per share. Freshpet has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Freshpet, Inc. will post 1.55 earnings per share for the current fiscal year.

About Freshpet

Freshpet, Inc, together with its subsidiaries, manufactures, distributes, and markets natural fresh meals and treats for dogs and cats in the United States, Canada, and Europe. It sells dog food, cat food, and dog treats under the Freshpet brand name; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online.